CX Institutional Buys 11,706 Shares of RTX Co. (NYSE:RTX)

CX Institutional increased its stake in shares of RTX Co. (NYSE:RTX) by 21.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 65,150 shares of the company’s stock after acquiring an additional 11,706 shares during the quarter. CX Institutional’s holdings in RTX were worth $7,539,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. LexAurum Advisors LLC raised its position in shares of RTX by 5.6% during the fourth quarter. LexAurum Advisors LLC now owns 7,897 shares of the company’s stock worth $914,000 after acquiring an additional 422 shares during the last quarter. RFG Advisory LLC lifted its position in RTX by 1.4% during the 4th quarter. RFG Advisory LLC now owns 19,901 shares of the company’s stock valued at $2,303,000 after purchasing an additional 284 shares during the period. Financial Partners Group LLC boosted its stake in shares of RTX by 20.5% in the 4th quarter. Financial Partners Group LLC now owns 10,940 shares of the company’s stock valued at $1,266,000 after purchasing an additional 1,858 shares during the last quarter. Cornerstone Wealth Management LLC grew its position in shares of RTX by 3.7% during the 4th quarter. Cornerstone Wealth Management LLC now owns 52,732 shares of the company’s stock worth $6,102,000 after buying an additional 1,887 shares during the period. Finally, Brighton Jones LLC raised its stake in shares of RTX by 24.3% during the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock worth $1,969,000 after buying an additional 3,332 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Down 0.2 %

Shares of RTX stock opened at $126.07 on Friday. The firm has a market cap of $167.81 billion, a PE ratio of 36.03, a P/E/G ratio of 1.99 and a beta of 0.81. The business’s 50 day simple moving average is $118.25 and its 200 day simple moving average is $118.12. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. RTX Co. has a 52-week low of $88.90 and a 52-week high of $128.70.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.34 by $0.11. RTX had a net margin of 5.97% and a return on equity of 11.96%. The business had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. During the same quarter in the prior year, the company posted $1.25 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. On average, analysts predict that RTX Co. will post 5.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on RTX shares. Barclays lifted their target price on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Citigroup raised RTX from a “neutral” rating to a “buy” rating and increased their target price for the company from $132.00 to $153.00 in a research note on Tuesday. Wells Fargo & Company boosted their target price on RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Susquehanna cut their price target on shares of RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $130.00 to $140.00 in a research note on Thursday, December 19th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $158.27.

RTX Company Profile

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.